Banks
JPM - Bearish-neutral Iron CondorStock rally through till early 2018. Choppy price action with range-bound price through remainder of 2018 indicates large volume of shares exchanging hands (in other words, for a better mental picture, larger holders off-loading to more interested but smaller buyers). Expectation is neutral price discovery, with earnings report in January catalyzing subsequent direction move, which is typically bearish/downward with such price action. For now, price is attempting to find a fair value, and as such a bearish-neutral bias is bet on here.
85/90/115/120 JAN19 IRON CONDOR @ 0.67 CREDIT
General plan:
Roll if necessary & if possible mainly to reduce risk, expecially in this case due to earnings report date before expiration
Target maximum profit, unless significant profit appears early.
Comment or direct message for discussion, or on other interesting ideas!
Follow for updates.
GS Bounce LongLong based off trends and fib levels
Long: @$175.00
Stop Loss: @$157.00
Profit Target: 312.00
Risk Reward: ~1:7
Short CitiShorting Citigroup again. Eyeing a potential large move. Don't want to miss out on this wave.
Short JPMBearish sentiment continues for me on a macro level mid term. Playing the idea that we see a strong downward move over the next few days on JPM, and we may get in early here. There is a chance for continuation of uptrend however. Stop protection in place.
Banks going to hell in the coming future :DLarge rising wedge on the monthly, target 2$ on citibank haha
Wells Fargo has formed a pretty nice H&S. NYSE:WFC
Fanning through some charts and saw this pretty nice H&S on WFC. Setting alerts on this one.
Happy trading!
Buyer beware! DB can go in any direction indefinitely!It's not exactly a secret! The ECB owns Deutsche Bank! And they can make the price anything they want it to be - $1 or $100!
The only certainty is that public investors will be the ones holding the bag! Don't be a sucker - stay out of this toxic mess! The dumps and short squeezes will be legendary - and prices will be nonsensical for sure! They'll even hold it steady for years if that's what it takes for people to bail!
Volume says BUY BUY BUY - El voumen grita COMPRAArgentinian Banks have been suffering.
However, we have seen HUGE hands buying in the 43-46 price range.
Know This Trade Level For This Leading Regional Bank StockAs you all know, many of the leading regional bank stocks have been lagging the major stock indexes recently. One bank stock that has struggled over the past few weeks is SunTrust Banks Inc (NYSE:STI). This stock topped out on August 21, 2018 at $75.08 a share. Since that high pivot in the stock, the shares have tumbled and are now trading at $69.09. The company is scheduled to report earnings on October 19, 2018, so I would not expect a major move in the stock before that time. One level that has caught my eye as major support would be around the $64.50 area. This is where the stock broke out in December 2017. please note, the level was also back-tested in February 2018 before moving to new highs. This tells me that is where the institutional money will defend the equity when retested.
NYSE:STI
Nicholas Santiago
BAC Elliott Wave View: Ready To Resume Higher?Hello Traders,
BAC short-term Elliott wave view suggests that the rally to $31.49 low ended red wave X bounce. Down from there, the decline to $30.08 low ended red wave Y & also completed blue wave (2) pullback. The internals of red wave Y unfolded as double three structure where black wave ((w)) ended at $30.62 low as zigzag structure.
Up from there, the bounce to $31.09 high ended black wave ((x)) bounce. Then finally, a decline to $30.08 low ended black wave ((y)) in 3 swings as Zigzag structure.
Above from there, the stock is expected to resume the next leg higher in blue wave (3). However, a break above $31.91 August peak remains to be seen for final confirmation of next leg higher. Up from $30.08 low the initial rally higher to $31.37 high ended black wave ((i)) as impulse structure.
Near-term focus remains towards $30.48-$30.35 100%-123.6% Fibonacci extension area of blue wave (a)-(b) to end the 3 wave correction in Minute wave ((ii)) against $30.08 low cycle. Afterwards, the stock is expected to resume the upside looking for more upside. We don’t like selling it.
PERFECT setup but you get dumped? I`ll show you why! :-)#WhalesHey guys,
here quick another video about situation we`ve all experienced and why we get dumped though our analysis and setup was perfect. :-)
WHEN THE BIG PLAYERS dump you!
Hope you enjoy it! :-)
Peace, happy learning and good trades
Irasor
Trading2ez
Wanna see more? Don`t forget to follow me.
Any questions? Need signals or more education? PM Me. :-)
Cash it with BAC
With interest rates rising — and deposit rates staying at low levels — the company has been able to generate substantial profits
Net income jumped by 33% to $6.8 billion in the last quarter
"Yet it seems like a good bet that the momentum will continue. The Federal Reserve has indicated there will be two rate increases this year and another three in 2019"
Target price according to fundamentals - $34.57 per share
ITSA4 on "Black Friday" Notice to mariners: ITSA4 is just at the end of Line 2 of Fibonacci. It's shopping time, we're on "Black Friday" ... It's now or on Monday second ...
ARE WE HEADING TO ECONOMIC CRISIS?I don't particularly enjoy breaking the bad news but we are at record low levels for insured unemployment which is kind of scary for cycle followers.
What we have seen for the last 50 years, a dip in unemployment usually followed by an economic downturn and we see a sudden jump on unemployment numbers.
There are many underlying factors to this, which I will not mention here - but fundamentally it is because people start to become too loose and take their current situation for granted and start to overspent which is also encouraged by the media, government & banks!
What shall we do?
Assume it will happen and start planning ahead!
and KEEP IT REAL!
JP Morgan in the spotlight before earnings report on 13/07/2018This Friday 13/07/2018 three of the main USA Banks are releasing quarterly results #JPM #C #WFC,
The Banking sector is experiencing positive fundamentals that have been driving the spike of their stocks in recent months:
1. USA Interest rate hikes : according to Bloomberg research, for each 1% that USA increases the interest rate level Banks like Bank of America will be benefited with extra revenue of USD 5,6 Bn.
2. Corporate tax cuts : Donald Trumps´s December 2017 corporate tax cut approval down to 21% is boosting USA Banks tax savings, according to Associated press those savings are reaching USD 3,6 Bn.
3. Deregulation : Donald Trump is willing to continue softening USA Banks regulation, such as the Volcker rule. USA Regulators already started rewriting one of the most debated Dodd Frank´s rule.
• JP Morgan is expected to release USD 2,24 EPS (Nasdaq.com), +23,07% compared to the previous results of USD 1,82 EPS.
• On the April´s 2018 quarterly result the volatility increased up to 603 pips.
Key point:
Now as shown in the chart, JP Morgan is facing a great technical momentum trading above the USD 102-104 range support as well as above two FIBO 0,382 & 0,236.
If the earnings market mover is not able to drive JPM stock clearly below the USD 102-104, I see JP Morgan with a technical bullish momentum above USD 102.
Adrian Lopez de Armentia - EFA
JPM - J.P. Morgan ChaseBanks have sold off here and I believe if the market can start to move again, financials will recover. I structured a Super bull for this trade.
Trade: In chart.
Overall, $.46 credit on the trade.
Current risk: $454
Current R/R: 10.2% ROC (likely to increase if I can capture profits in the call spread.
A Bad Year For US Financials Looking Even WorseMorgan Stanley, Bank Of America, Citigroup and JPMorgan - all exhibiting similar year to date behaviour. The whole sector is rolling over, reversing the 2017 rallies as the yield curve remains flat, and possibly set to invert. JPMorgan and Bank Of American look particularly bad.. notice both are just managing to hold up above a clear 6 month support. I would bet on break lower in the coming weeks, possibly days. BAC, JPM, C, MS, XLF.
$GS Short Down trendline resistance and price level ceiling at $234. Seems like a good spot to go short.
